Online remittance 101 – Part 2
Any idea which is the easiest, convenient and cost-effective way of sending money?
Of course it’s online remittance! You can transfer money at the click of your mouse, right from where you are, anywhere and anytime.
So how do you transfer money online?
In this article, we will take you through the step by step procedure to send money successfully. Make sure you go through secure and trusted money transfer provider, to get the most competitive rates.
Step 1 - Sign up to create your user id and password.
If you are a first time user, you can sign up within minutes by providing your basic details and you will be given your user id and password. If you are just testing the waters, you can also skip this step and choose to be a guest user.
Step 2 - Sign in to your account
Using the user id and password, you can sign in to your account. Once you sign in, you will find a summary of your account along with an option to send money. Click on to transfer money.
Step 3 - Add/select your beneficiary account number
If your beneficiary is already added then select your beneficiary, else you will have to set up account by entering the beneficiary account details and SWIFT code. The SWIFT Code is a standard format for Business Identifier Codes (BIC) and it's used to uniquely identify banks and financial institutions globally - it says who and where the recipient is.
Step 4 -Enter the amount to be sent
Choose the amount of money you want to transfer. You will know exactly how much money your beneficiary will receive, by subtracting the agency cost from the amount using the accurate exchange rate.
Step 5 - Confirm the transaction
Finalise the transaction by clicking “confirm” or “make payment” button.
Step 6 – Track your payments
You must be able to track your transaction online, till the time money reaches the hands of the beneficiary. It’s that simple.
Gone are the days when it will take a fortnight or more to send money home. Now with the click of button, money can be transferred online. So what are you waiting for?